What does governance mean in decentralized finance protocols like blockchain and digital currencies? It refers to the process of decision-making and managing the system in an organized and comprehensive manner, where the community or wallet participates in important decisions. In the Sui protocol, governance allows currency holders or users to participate in decision-making regarding the protocol, such as:
- Approving procedures for recovering stolen funds.
- Technical changes.
- Security enhancements.
Governance in this context aims to ensure that decisions are made collectively, fairly, and transparently, thereby enhancing the interests of the community and the protocol.
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